Venture Capital

Venture Capital2,115,930 members

📈 ETF Growth Is Moving Into Leverage Since the S&P 500’s October 2022 low, ETF assets have risen more than 250%. Assets in ETFs using derivatives are up more than 450%. Issuers launched 3,363 new ETFs, and more than 30% of this year’s launches use leverage, according to VettaFi. The shift is also pulling money from traditional vehicles. Equity ETFs attracted $3.2 trillion, while equity mutual funds lost $3.3 trillion. Money market fund assets rose 74%, or $3.4 trillion. The product expansion now reaches private companies. 21shares listed CLAU in Vienna, billed as Europe’s first ETP offering exposure to Anthropic’s implied pre-IPO valuation. ✔️ @venture

Venture Capital2,115,930 members

🤖 AI Boom Starts Spreading Inflation Chicago Fed President Austan Goolsbee says the AI boom is becoming an inflation problem. Price pressure is spreading beyond data center components and adjacent industries. Illinois businesses report scarce electricians, higher construction costs, and year-long waits for electrical components as data centers compete for the same resources. Land, power, water, and infrastructure costs tied to AI campuses have also risen sharply. Goolsbee is increasingly concerned this reflects overheating demand, not a temporary supply shock. If inflation stays persistent, another rate hike later this month remains possible, reinforcing the higher-for-longer pressure already weighing on banks and long-duration tech. ✔️ @venture

Venture Capital2,115,930 members

KOSPI fell 8%, triggering a circuit breaker. The Korean Exchange halted stock and program trading for 20 minutes. The index is down 21% in 7 sessions, wiping out over ₩1,186 trillion ($880 billion). ✔️ @venture

Venture Capital2,115,930 members

🏦 Private Businesses Are the Hidden Wealth Engine Economists Owen Zidar and Eric Zwick estimate that roughly 3 million Americans hold more than $65 trillion in wealth as owners of privately held businesses. About 1.7 million have built fortunes of at least $10 million this way. For every public-company CEO, there are more than 1,000 private-business owners worth over $25 million. The scale was hard to see because most private companies are pass-through businesses, including S corporations and partnerships. Their profits appear on owners’ individual tax returns, while the IRS historically kept personal and business data in separate silos. The businesses behind these fortunes are often mundane rather than venture-backed. They include car dealers, HVAC contractors, dentists

Venture Capital2,115,930 members

📈 The S&P 500 Enters Year Five The S&P 500 has gained 118% since the bull market began in October 2022. That makes it the third-best start to a bull market at its fourth birthday, based on analysis from Carson Group’s Ryan Detrick. Only 2 of the 7 other bull markets reaching this point in the past 7 decades started with larger gains. History offers a wider range. Bull markets since 1950 delivered an average full-cycle gain of 192%, including 582% from 1987 to 2000 and 401% from 2009 to 2020. Detrick says that over the past 50 years, every bull market that passed its third birthday reached at least its fifth, with an average ultimate length of 8 years. The S&P 500 is within 1% of its 52-week high and has risen just over 17% since its third birthday. Investors remain cautious because the

Venture Capital2,115,930 members

US private fixed investment in information processing equipment and software reached a record 5.05% of US GDP, up 1.08 percentage points since Q3 2023. Investment rose $531 billion to a record annual rate of $1.65 trillion. It previously peaked at 4.46% in Q4 2000, before the 2001 recession. The investment has more than doubled since Q1 2018, reflecting an unprecedented AI spending boom. ✔️ @venture

Venture Capital2,115,930 members

Ⓜ️ Agent Commerce Could Lift Shopping Frequency Mark Zuckerberg says his AI agent increased his Instacart orders from “twice a year” to “twice a week”, about 50x more often, by making shopping easier. That points to the larger? opportunity: reducing buying friction could increase shopping frequency, not just move existing purchases online. As personal agents communicate with business agents, $META could sit on both sides. $AMZN and $MELI could benefit from more transactions through their platforms. ✔️ @venture

Venture Capital2,115,930 members

📈 AI Stocks Drive Market Since the start of 2024, 42 AI stocks have generated 67% of the S&P 500’s price return, contributing 22 percentage points of its 33% gain. The other 458 stocks added 11 percentage points. The AI basket also accounted for 58% of earnings growth and 81% of CapEx and R&D growth. The rest of the index contributed just 20% of CapEx and R&D growth. Only 29% of stocks outperformed the S&P 500 over the last 3 years, near the ~25% low during the 2000 Dot-Com Bubble. AI is all that matters. ✔️ @venture